Key Market Dynamics:
- Market Driver
- Market Challenges
The rise in midstream infrastructure is one of the key market drivers. However, factors such as capital expenditure cuts by major oil and gas industries will challenge market growth.
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The high-integrity pressure protection system market report is segmented by end-user (oil and gas, chemicals and petrochemicals, pharmaceuticals, and others) and geography (Europe, APAC, North America, MEA, and South America). Europe will be the leading region with 34% of the market’s growth during the forecast period. Russian Federation and the UK are the key markets for high-integrity pressure protection systems in Europe.
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Companies Mentioned with their Offerings
- ABB Ltd. – The company offers HIPPS for applications such as emergency shutdown, relay interlock replacement, and Remote Terminal Units.
- Emerson Electric Co. – The company offers HIPPS solution for sensing elements, logic solver, and final control elements.
- General Electric Co.
- HIMA GmbH
- Johnson Controls International Plc
- To gain access about more vendor profiles with their key offerings available with Technavio, Click Here
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Global Safety Instrumented Systems (SIS) Market in Chemicals and Petrochemicals Industry – Global safety instrumented systems (SIS) market in chemicals and petrochemicals industry is segmented by application (emergency shutdown systems; fire and gas monitoring and control systems; high integrity pressure protection systems; burner management systems; and turbomachinery control systems) and geography (the Americas, APAC, and EMEA).
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Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by End-user
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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